Stock Market Started Day with a Decrease on November 10

Stock Market Started Day with a Decrease on November 10 The stock market started the day with a decrease on November 10. BIST 100 index in Borsa Istanbul decreased by 0.70 percent and started the day with 1,122.89 points. BIST 100 index, which lost 8.66 points and 0.70 percent value at the beginning of the day, fell to 1.122.89 points. While the banking index depreciated by 1.60 percent at the opening, the holding index also lost 0.51 percent. Among the sector indices, transportation was the most profitable with 1.66 percent, while communication was the most declining with 3.26 percent. Exchange rates and gold prices decreased due to the economic changes in the country and the election of Joe Biden yesterday. Accordingly, Borsa İstanbul moved with buyers and the BIST 100 index reached 1,231.54 points with a 3.3 percent gain in value. This level was the highest close in the last 9.5 months. Stating that news about the coronavirus vaccine, as well as financial incentives and political developments will determine the course of the markets, analysts stated that today, labor force statistics in the country and ZEW indices in Germany and the Euro Zone will be monitored. Technically speaking, analysts say that 1.240 and 1.250 levels stand out as resistance in the BIST 100 index; and that 1.190 points are in the support position.